7,392 Shares in TechnipFMC plc (NYSE:FTI) Acquired by Farringdon Capital Ltd.

Farringdon Capital Ltd. purchased a new stake in shares of TechnipFMC plc (NYSE:FTI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 7,392 shares of the oil and gas company’s stock, valued at approximately $214,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Morse Asset Management Inc lifted its position in TechnipFMC by 1.9% during the 3rd quarter. Morse Asset Management Inc now owns 67,575 shares of the oil and gas company’s stock worth $1,772,000 after acquiring an additional 1,245 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in TechnipFMC by 264.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 28,783 shares of the oil and gas company’s stock valued at $755,000 after buying an additional 20,877 shares during the last quarter. Franklin Resources Inc. increased its position in TechnipFMC by 23.0% in the 3rd quarter. Franklin Resources Inc. now owns 3,639,244 shares of the oil and gas company’s stock worth $98,838,000 after buying an additional 679,748 shares during the period. GAMMA Investing LLC boosted its position in shares of TechnipFMC by 22.3% in the fourth quarter. GAMMA Investing LLC now owns 2,272 shares of the oil and gas company’s stock valued at $66,000 after acquiring an additional 414 shares during the period. Finally, Insight Wealth Strategies LLC acquired a new stake in shares of TechnipFMC in the fourth quarter worth $4,088,000. 96.58% of the stock is currently owned by institutional investors and hedge funds.

TechnipFMC Trading Up 2.2 %

Shares of NYSE FTI opened at $25.54 on Friday. TechnipFMC plc has a 1-year low of $22.12 and a 1-year high of $33.45. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. The company has a 50-day moving average of $27.95 and a two-hundred day moving average of $28.94. The company has a market cap of $10.74 billion, a PE ratio of 16.80 and a beta of 1.11.

TechnipFMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th were given a $0.05 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.20 dividend on an annualized basis and a yield of 0.78%. TechnipFMC’s payout ratio is 10.42%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FTI. Evercore ISI boosted their price objective on shares of TechnipFMC from $37.00 to $39.00 and gave the stock an “outperform” rating in a report on Wednesday, January 15th. StockNews.com lowered TechnipFMC from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Susquehanna cut their target price on TechnipFMC from $41.00 to $35.00 and set a “positive” rating for the company in a research note on Monday, April 14th. Barclays boosted their price target on shares of TechnipFMC from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Monday, March 3rd. Finally, Piper Sandler lifted their target price on shares of TechnipFMC from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $36.15.

Insider Transactions at TechnipFMC

In related news, Director Carvalho Filho Eleazar De sold 9,381 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $29.76, for a total transaction of $279,178.56. Following the completion of the sale, the director now directly owns 100,951 shares of the company’s stock, valued at $3,004,301.76. The trade was a 8.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Justin Rounce sold 42,178 shares of TechnipFMC stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $26.55, for a total transaction of $1,119,825.90. Following the sale, the executive vice president now directly owns 140,207 shares of the company’s stock, valued at $3,722,495.85. This represents a 23.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 61,706 shares of company stock worth $1,651,665 over the last 90 days. 1.80% of the stock is owned by insiders.

TechnipFMC Company Profile

TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.